We have not seen real austerity

11 Jun 2013

Mark Littlewood appears on the Daily Politics

Mark Littlewood appeared on the Daily Politics to discuss the flatlining growth in the UK.

Though some have argued the current economic strategy of the government is that of austerity, Mr Littlewood disagreed pointing to £600 bn in government spending that the UK is adding to the national debt. This increase in spending has been pitiful at fostering economic growth. Discussing the effect of government cuts on personal health, Mr Littlewood argued that the government should align spending cuts with appropriate tax cuts as well so citizens will have money in their pockets to pay for what the government once provided.

The problem in Greece and the UK is that the government is systemically spending year after year more than what they bring in from tax receipts. Mr Littlewood stated, "we are spending on ourselves today and sending the bill to our grandchildren".